HEICO Corporation
HEI today announced that it has extended its $670 million
revolving credit facility (the "Facility") until December 2017, which is an
additional year beyond the previous 2016 expiration date. Further,
certain other covenants were amended to provide additional
financial flexibility.
The Facility is lead-managed by SunTrust Bank, Bank of America, N.A. and Wells
Fargo Bank, National Association. The Company entered into the Facility in
December 2011 as a replacement to its prior $300 million revolving credit line
and it utilizes the Facility for acquisitions and other corporate needs.
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